Investment Summary

True West Capital Partners and Gemini Investors Invest In Canvas

On January 17, 2024, private equity firms True West Capital Partners and Gemini Investors invested in defense company Canvas

Investment Highlights
  • This is True West Capital Partners’ 1st and Gemini Investors’ 3rd transaction in the Defense sector.
  • This is True West Capital Partners’ 20th and Gemini Investors’ 123rd transaction in the United States.
  • This is True West Capital Partners’ 1st and Gemini Investors’ 1st transaction in Alabama.

Investment Summary

Date 2024-01-17
Target Canvas
Sector Defense
Investor(s) True West Capital Partners
Gemini Investors
Deal Type Growth Capital

Target

Canvas

Huntsville, Alabama, United States
Canvas provides a mixture of engineering and technical services along with lifecycle management and programmatic services to various defense and intelligence community organizations. Canvas specializes in supporting the Department of Defense and other government agencies in the areas of Systems Engineering and Integration, Software Engineering, Cybersecurity and Intelligence, Test and Evaluation, Safety and Facilities Engineering, Technology and Product Development, Acquisition Management, and Business and Program Management. Canvas was founded in 2007 and is based in Huntsville, Alabama.

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Investor(S) 2

DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 20 of 21
Sector: Defense M&A 1 of 1
Type: Growth Capital M&A Deals 9 of 10
State: Alabama M&A 1 of 1
Country: United States M&A 20 of 21
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Fromm International

Mount Prospect, Illinois, United States

Fromm International is a manufacturer and distributor of shears, salon apparel, hair accessories, brushes, combs, foil, gloves and towels used by both professionals and consumers. Company-owned brands include Fromm Pro, The Hair Edit, and Diane. Fromm International was founded in 1907 and is based in Mount Prospect, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Washington Metal Fabricators

Washington, Missouri, United States

Washington Metal Fabricators offers an array of metal fabrication, CNC machining, assembly and engineering services that cater to customers of all sizes with capabilities covering welding, cutting, forming, and finishing. Washington Metal Fabricators was founded in 1979 and is based in Washington, Missouri.

Buy -
Investor

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 123 of 129
Sector: Defense M&A 3 of 3
Type: Growth Capital M&A Deals 39 of 39
State: Alabama M&A 1 of 1
Country: United States M&A 123 of 129
Year: 2024 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Fromm International

Mount Prospect, Illinois, United States

Fromm International is a manufacturer and distributor of shears, salon apparel, hair accessories, brushes, combs, foil, gloves and towels used by both professionals and consumers. Company-owned brands include Fromm Pro, The Hair Edit, and Diane. Fromm International was founded in 1907 and is based in Mount Prospect, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Aurora Training Advantage

Sanford, Florida, United States

Aurora Training Advantage is a professional development company that provides online training programs, webinars, and resources across business, HR, finance, leadership, and compliance topics. It serves individuals and organizations by offering expert-led sessions designed to enhance skills, improve performance, and support career growth. Aurora Training Advantage was founded in 2011 and is based in Sanford, Florida.

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